Answer:
Plato sample answer
Step-by-step explanation:
Answer:
A = 2000(1.04)^t
Step-by-step explanation:
Using the compound interest formula;
A = P(1+r)^t
P is the principal = $2000
r is the rate = 4% = 0.04
On substituting
A = 2000(1+0.04)^t
A = 2000(1.04)^t
Hence the required expression is A = 2000(1.04)^t